Tax News Related Blog Posts

Tax Gap Holds Steady — IRS Will Continue to Pursue Taxpayers With Unpaid Taxes

irs logoIn September 2019, the Internal Revenue Service (IRS) released tax gap estimates for tax years 2011 through 2013. The numbers indicate that the gap has stayed the same as the previous tax years. However, the IRS will continue to pursue taxpayers who are not compliant. Here’s what you need to know.

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October 3rd, 2019|Tax News|0 Comments

TIGTA Audit Reveals Issues With How IRS Handles Requests for Appeals Hearings

tigta audit appeals processEstablished in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.

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September 18th, 2019|Tax News|0 Comments

IRS OIC Acceptance Rate And Tax Levies Rise; Liens and Audits Fall in 2018

The IRS released its 2018 version of the IRS Data Book, which provides a snapshot of all activities conducted by the agency during the previous fiscal year. It covers activities that the IRS conducted between October 1, 2017, and September 30, 2018. It includes tax returns, appeals, exams, audits, levies, liens, and other tax-enforcement activities. The […]

Why Private Collection Agencies Present Unique Dangers to Taxpayers

Private collection agencies are now being assigned to collect selected delinquent accounts for the IRS. These agencies have placed some taxpayers in such stressful positions that it is hard for them to meet their living expenses.

irs private debt collectorsIn 2015, Congress enacted the Fixing America’s Surface Transportation Act (FAST Act), which, among other things, required the IRS […]

April 4th, 2019|Tax News|0 Comments

Final Regulations for the Pass-Through Section 199A Deduction Arrive Right Before Tax Season

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The sweeping changes of the Tax Cuts and Jobs Act (TCJA) that went into effect at the beginning of January 2018 included a 20% pass-through deduction to non-corporate taxpayers with “qualified business income.” What is known as the “pass-through rules,” taxpayers can find them in 26 […]

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